Li Auto (NASDAQ:LI) Shares Down 5.1% – What’s Next?

Shares of Li Auto Inc. (NASDAQ:LI) fell 5.1% during mid-day trading on Thursday . The stock traded as low as $24.87 and last traded at $24.95. 1,750,173 shares traded hands during trading, a decline of 59% from the average session volume of 4,311,561 shares. The stock had previously closed at $26.30.

Analysts Set New Price Targets

Several research firms have recently issued reports on LI. Macquarie raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 6th. Barclays raised their price target on shares of Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.77.

Li Auto Price Performance

The business’s 50 day moving average is $23.54 and its two-hundred day moving average is $23.09. The firm has a market cap of $26.72 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.39 and a beta of 0.92. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Li Auto

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Li Auto in the third quarter valued at $39,000. Venturi Wealth Management LLC acquired a new position in shares of Li Auto during the third quarter valued at about $50,000. BNP Paribas grew its holdings in shares of Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after buying an additional 1,500 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Li Auto by 708.5% during the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock valued at $61,000 after buying an additional 2,090 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Li Auto by 55.9% during the third quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after buying an additional 1,091 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.